Sard Wealth Management Group LLC Grows Position in Fidelity Total Bond ETF $FBND

Sard Wealth Management Group LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the fourth quarter, HoldingsChannel reports. The fund owned 565,126 shares of the company’s stock after buying an additional 27,974 shares during the period. Fidelity Total Bond ETF comprises approximately 14.3% of Sard Wealth Management Group LLC’s holdings, making the stock its 2nd largest position. Sard Wealth Management Group LLC’s holdings in Fidelity Total Bond ETF were worth $26,018,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after purchasing an additional 1,970,997 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Fidelity Total Bond ETF by 37.6% in the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after buying an additional 816,419 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 54.3% in the third quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock worth $100,360,000 after buying an additional 764,134 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.51 on Friday. The firm’s 50 day moving average price is $46.20 and its 200-day moving average price is $46.32. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The company has a market cap of $23.80 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a $0.161 dividend. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 4.2%.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.